Fintech & Payments

Cash falls, cards rise

September 1, 2026

Saudi consumer spending reached SAR 144.95 billion in July 2026, up 8% from SAR 134.51 billion in July 2025. Point-of-sale spending was SAR 62.85 billion, up 7%, across 1.096 billion transactions on 2.5 million terminals. E-commerce through Mada cards rose 26% to SAR 37.63 billion across 197.6 million transactions, while cash withdrawals from 14,400 ATMs fell 3% to SAR 44.47 billion. There are 70.12 million issued bank cards.

Argaam

The change involves switching from one channel to another, which means that if you are running a business aimed at consumers you should shift your investments from cash handling to digital acceptance rather than considering both as part of growth.

Osamah Alfadda
|
CEO

Explore more signals

Energy & Fuel Retail
August 18, 2026
Ten percent of the country

Aramco and Maaden are forming a joint venture, Maaden at 51%, Aramco at 49%, to explore Zone-4 of the Arabian Platform, about 182,000 square kilometres, close to 10% of The kingdom's land area, targeting copper and other energy-transition minerals along a 100-km-wide corridor. Saudi mineral wealth is valued at over SR9.3 trillion ($2.5 trillion), against a Vision 2030 target of lifting mining's contribution to GDP to SR240 billion.

Arab News

Aramco’s 49% stake, rather than a controlling interest, positions this as a capability contribution. Aramco provides subsurface data, while Maaden will operate the business.

Abdulrahman Al Mottahar
|
Partner
Government & Public Sector
August 25, 2026
Fifty days and 6,681 riyals

Saudi Arabia's Musanad platform reported that in H1 2026 the average domestic worker recruitment period was 50 days, at an average cost of SAR 6,681, with the service running across 39 countries. The platform handled more than 122,000 service transfer requests and more than 450,000 insurance contracts, working with approximately 6,164 approved external offices, and expanded wage payment channels to 16 digital options.

Okaz

The state has made this market measurable, with transfers exceeding 122,000. Focus on preparing for customer transitions rather than prioritizing first-time recruitment.

Abdullah Alkherb
|
Senior Partner
Healthcare
August 11, 2026
Robotic surgery, performed remotely

Saudi Arabia's Seha Virtual Hospital completed 11 consecutive remote robotic surgeries, including the second remote lobectomy and fifth remote pneumonectomy performed anywhere in the world, with surgeons in Riyadh operating on patients in Hail and other regions.

Arab News

A surgeon in Riyadh successfully performed surgery on a patient in Hail without either of them needing to travel. This occurred eleven times in a row, proving that distance is no longer an obstacle to effective medical care.

Mohammed Altuwaijri
|
Managing Partner

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